The new free trade agreement between the EU and Vietnam has been backed to lead to a further influx of Chinese investment in the country. Photo: Cissy Zhou

China’s trade war manufacturing exodus could be hastened by EU-Vietnam trade deal, analysts say

  • The agreement offers Chinese firms incentive of low-tariff access to the European Union if they set up in Vietnam
  • Deal will eventually cut import duties by 99 per cent, which could also see a flood of European companies seek low-cost manufacturing in Vietnam, at China’s expense
Topic |   China economy

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The new free trade agreement between the EU and Vietnam has been backed to lead to a further influx of Chinese investment in the country. Photo: Cissy Zhou
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A worker inside the Chinese-owned Vinasolar plant in Bac Giang Province, which opened to avoid US tariffs in 2014, and which has seen a surge in orders from other Chinese companies keen to avoid the US-China trade war. Photos: Cissy Zhou

Vietnam company finding a silver lining to US-China trade war, due to Asian supply chain shift

  • Vinasolar, owned by Shanghai-based Yize New Energy, started production in Vietnam in 2014, after the United States and EU put tariffs on solar panels
  • Now it is seeing a huge surge in orders, as other Chinese companies look to avoid US tariffs by exporting materials for assembly in Vietnam, then onto America
Topic |   China economy

TOP PICKS

A worker inside the Chinese-owned Vinasolar plant in Bac Giang Province, which opened to avoid US tariffs in 2014, and which has seen a surge in orders from other Chinese companies keen to avoid the US-China trade war. Photos: Cissy Zhou
READ FULL ARTICLE